Firms: Allens with Linklaters (Arle Capital Partners and its portfolio company, Innovia Films)
Deal: Acquisition of the remaining 50 per cent (approximately) interest in Securency International Pty Ltd from the Reserve Bank of Australia (RBA)
Key players: Partner Niranjan Arasaratnam led the Allens team, together with partners Warwick Newell and Michael Graves. London partners Ian Bagshaw and Bruce Bell led for Linklaters.
Deal significance: The deal was completed on 28 February 2013. Securency has been jointly owned by Innovia and the RBA since 1998, and is a world leader in banknote counterfeit prevention through the manufacture and supply of its advanced Guardian® polymer-based banknote substrate. Currently in issue in 21 countries around the world, including Australia, Canada and Mexico, Securency's Guardian® banknotes are highly durable, safe and secure.
“This was a complicated matter that required a number of practice areas across the firm to collaborate, particularly the corporate, finance and international obligations teams,' Arasaratnam said.